China attaches importance to fight against money laundering: official

The Chinese government attaches importance to the fight against money laundering and financing of terrorism.

China will broaden and deepen the cooperation with other countries for the peace and prosperity of the whole world, said Su Ning, vice governor of the central bank at the seventh plenary meeting of the Eurasian Group on Combating Money Laundering and Financing of Terrorism in Sanya, south China's Hainan Province.

Chinese authorities including the Ministry of Public Security have cracked 221 cases of money laundering involving 60.775 billion yuan (8.26 billion U.S. dollars) with the help of the central bank between 2003 and 2006.

The EAG was founded by China, Russia, Kazakhstan, Tajikistan, Kyrgyzstan and Belarus in Moscow in October, 2004.
 
Source: Xinhua General News Service